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  • Mahindra & Mahindra Financial Services Limited

    Nashik, Maharashtra

  • IndiaMART Member Since: 2012
    Services [14]

    Mobile: +(91)-9881096379

Car LoansCommercial Vehicle LoansThree Wheeler Loans
Car LoansCommercial Vehicle LoansThree Wheeler Loans
About Us

Mahindra and Mahindra Financial Services Limited is one of India’s leading non-banking finance companies. Through a vast network of branches, we provide personalised finance for the widest range of utility vehicles, tractors and cars, focusing on the rural and semi-urban sector.

MMFSL’s rural financing is considered as the cornerstone of poverty reduction, rural development and inclusive growth in many parts of the country. With a majority of our country’s population living in rural India, our loans to over 20,00,000 customers belonging to the low income groups have proved to be a catalyst in helping rural India surge ahead in a big way.

Our unique business model is socially inclusive as we help customers who are at the bottom of the income or social pyramids to grow by providing them loans based on their future earning capacities. It is also our continuous endeavour to develop skill sets at the local level. We currently provide employment to over 9700 people who belong to the areas in which we serve, ensuring that our employees truly understand their customers.

Since 1945, we, at the Mahindra Group, have remained and will continue to remain partners in the progress of rural India, through both growth and turbulence. We salute the spirit of every Indian living off the land and move ahead, trying to understand the financial needs of rural India and tapping into this vast market of unbounded opportunities.

Our goal is to be the preferred provider of retail financing services in the rural and semi-urban areas of India, while our strategy is to provide a range of financial products and services to our customers through our nationwide distribution network.

Aim / Vision / Mission

Vision

To be a Leading financial services provider in semi-urban and rural india

Achievements

1993

Commenced financing of Mahindra and Mahindra Utility Vehicles.

1995

Opened our first branch outside Mumbai, at Jaipur.

1996

Commenced financing M&M dealers for purchase of tractors.

1998

Launched a pilot project for retail tractor financing.

1999

Commenced tractor retail financing in rural and semi-urban areas

2001

Total Assets crossed the 10 billion mark.

2002

Commenced financing of non-Mahindra & Mahindra vehicles.
Received Tier II debt from International Finance Corporation.
Made our first securitisation transaction of Rs 438.8Million.

2004

Opened a branch in Port Blair.
Received a long-term credit rating of AA+/Stable.
Commenced Insurance Broking through our subsidiary MIBL.
Securtisation of tractor assets of Rs.256.6 million.
Listing of non convertible debentures on BSE on the wholesale
debt market segment.

2005

Tied up with HPCL Made Mahindra Insurance Brokers Ltd our wholly owned subsidiary.

2006

Issued our IPO.
Tied up with Maruti Udyog Limited.

2007

Reach extended to over 400 branches.

2008

Commenced the home loan business through our subsidiary, Mahindra Rural Housing Finance Limited (MRHFL)

2009

Recommenced Fixed Deposit programme.
Received 12.5% equity participation from NHB for our Subsidiary Mahindra Rural Housing Finance Ltd.

2010

Assets Under Management crosses Rs. 10000 crores.
PBT crosses Rs. 500 crores.
Branch network crosses 550 branches.
More than 2 lakh new customer contracts in a financial year for the first time.

2011

Crossed the benchmark of Rs. 100 billion in Total Assets
Maiden QIP Issue
Joint Venture with Rabobank subsidiary for tractor financing in USA
Consolidated the product portfolio by introducing Small and Medium Enterprises (SME) financing

2012

Crossed the benchmark of financing more than 2 million customers
Maintained an 18% Capital Adequacy, complying with the minimum requirement of 15% set by the RBI
CRISIL reaffirmed 'CRISIL AA+/ Stable' rating to the Company’s long-term debt instruments and bank facilities
Mahindra Finance wins the inaugural Porter Prize in the category of Creating Distinctive Value
MRHFL selected as the winner of the Golden Peacock Innovation Management Award

Nature of BusinessService Provider

Contact Us

Company name:Mahindra & Mahindra Financial Services Limited
Mobile / Cell Phone:
+(91)-9881096379
 
Telephone:+(91)-(22)-66526000
Address:
4th Floor, Mahindra Towers, Dr. G.M. Bhosale Marg, P.K., Kurne Chowk, Worli, Nashik - 400018, Maharashtra, India

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